‘Value’ for value engineering and analysis purposes is defined as_____________________?

Related Mcqs:

1. The term ‘value’ in value engineering refers to_______________?

   A. total cost of the product
   B. selling price of the product
   C. utility of the product
   D. manufactured cost of the product
   E. depreciation value

2. Value engineering aims at finding out the________________?

   A. depreciation value of a product
   B. resale value of a product
   C. major function of the item and accomplishing the same at least cost without change in quality
   D. break even point when machine re-quires change
   E. selling price of an item

3. The technique of value analysis can be applied to____________________?

   A. complicated items only
   B. simple items only
   C. crash programmer items only
   D. cost consciousness items only
   E. any item

4. Father of industrial engineering is_________________?

   A. Jeck Gilberth
   B. Gnatt
   C. Taylor
   D. Newton
   E. none of the above

5. The most popular type of organisation used for Civil Engineering Constructions is_________________?

   A. line organisation
   B. line and staff organisation
   C. functional organisation
   D. effective organisation
   E. none of the above

6. Standard time is defined as ____________________?

   A. normal time + allowances
   B. normal time + idle time + allowances
   C. normal time + idle time
   D. only normal time for an operation
   E. none of the above

7. ABC analysis deals with_________________?

   A. analysis of process chart
   B. flow of material
   C. ordering schedule of job
   D. controlling inventory costs money
   E. all of the above

8. Break-even analysis can be used for__________________?

   A. short run analysis
   B. long run analysis
   C. average of above two run analysis
   D. there is no such criterion
   E. none of the above

9. The time of completing a project in network analysis is given by following time of the critical activity meeting at the finalitiode_________________?

   A. early finish
   B. early start
   C. late start
   D. late finish
   E. none of the above

10. In PERT analysis, critical path is obtained by joining events having___________________?

    A. +ve slack
    B. -ve slack
    C. zero sldck
    D. dummy activities
    E. critical activities